Butler National (BUKS) 10% Owner Joseph Daly Buys Shares

What Happened

• Joseph Patrick Daly, a 10% owner of Butler National Corp (BUKS), made multiple open-market purchases (transaction code P) totaling 30,000 shares. The buys occurred on July 10 and July 13, 2026, at prices between $4.32 and $4.45, totaling approximately $131,420. These were outright purchases (a purchase is generally viewed as a more bullish signal than a sale, though motivations aren’t disclosed).

Key Details

• Individual trades reported:
  • 2026-07-10: 5,000 shares @ $4.40 = $22,000
  • 2026-07-10: 6,000 shares @ $4.35 = $26,100
  • 2026-07-10: 7,000 shares @ $4.34 = $30,380
  • 2026-07-10: 2,000 shares @ $4.32 = $8,640
  • 2026-07-13: 7,500 shares @ $4.45 = $33,375
  • 2026-07-13: 2,500 shares @ $4.37 = $10,925
• Total acquired: 30,000 shares for ~$131,420.
• Shares owned following these transactions: not specified in the Form 4 provided.
• Transaction code: P = Purchase (open-market or private purchase). No 10b5-1 plan, tax withholding, or other footnotes were reported in the provided data.
• Filing: Form 4 filed with accession 0001332596-26-000004 on 2026-07-14 reporting the above trades.

Context

• As a 10% owner, Daly is a significant shareholder (not necessarily a company executive); purchases increase his ownership stake. Open-market purchases are straightforward buys of stock and are often watched by investors as a signal of insider confidence, but filings do not state the buyer’s motivation.